Speaker of the House Tom Leonard, R-DeWitt, today issued the following statement upon the conclusion of the May Consensus Revenue Estimating Conference, which finalized a new state budget surplus this year of $498 million.
“State and federal tax relief continues to deliver real, measurable results for Michigan families. We already knew tax cuts allowed every worker in the state to keep more of the money they earned, but today’s data includes even more good news. Stronger income tax returns mean a surprisingly large number of Michigan residents are also now enjoying new jobs and higher pay. That is further evidence of an improved economy that continues to grow year after year. More savings, new opportunities and bigger paychecks – this is Republican tax reform in action.”